Month: February 2025

The decision to invest in a condo in Singapore has become increasingly popular among both local and foreign investors in recent years. This is largely due to the country’s thriving economy, stable political climate, and exceptional quality of life. With a plethora of opportunities available in Singapore’s real estate market, condos have emerged as a standout choice due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps when investing in a condo in Singapore, highlighting notable Singapore Projects along the way.

Chiu Teng Group, a renowned developer of quality commercial and industrial spaces in Singapore, has launched its latest project, CT Pemimpin. This freehold B1 industrial factory is strategically located at 43 Jalan Pemimpin in the Central Region, making it an ideal location for companies and property investors.

Positioned in the heart of Singapore’s District 20, CT Pemimpin offers excellent accessibility and is a rare permanent investment option. The nine-storey development features communal facilities such as two rooftop pavilions, rooftop solar panels, two passenger lifts and a service lift. It comprises 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m. Selected units also have mezzanine floors on levels one and five, and individual units are equipped with toilets for convenience and privacy.

CT Pemimpin also boasts a generous one-to-one carpark ratio with 59 carpark lots, including two EV lots, as well as two loading and unloading bays and a lorry park for rigid-frame vehicles of less than 7.5m.

According to ERA Singapore CEO Marcus Chu, CT Pemimpin will be attractive to both investors and end-users. As there is no Additional Buyer’s Stamp Duty (ABSD) payable on industrial properties, it provides an excellent risk diversification option for investors. For end-users, especially business owners, owning their own space is more desirable than renting, and a rare centrally located freehold development like CT Pemimpin adds to its appeal.

SRI managing partner Ken Low believes that CT Pemimpin’s sleek modern facade and central location will appeal to a wider group of investors and end-users compared to traditional B1 industrial properties in the market. It is situated just a five-minute walk from Marymount MRT station and a 13-minute walk from Bishan sub-regional centre, making it an attractive option for young entrepreneurs and their staff. Additionally, the last freehold industrial development in this locale was more than a decade ago, making CT Pemimpin a rare find with a proven track record of profitability and rental rates.

The freehold status of CT Pemimpin adds to its appeal, as most industrial developments in the current market only offer a 30-year or 60-year lease. This unique feature will also attract discerning investors, such as family offices, who prefer freehold developments for investment and companies in the information and communications media industry looking for clean B1 spaces.

Furthermore, unlike residential properties, commercial and industrial properties do not incur ABSD for buyers, making them attractive to both investors and eligible foreigners.

CT Pemimpin’s strategic location also offers unparalleled connectivity and accessibility to all parts of Singapore via public and private transport. It is only a five-minute walk from Marymount MRT station (Circle MRT Line) and a five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line). The proximity to major expressways such as PIE and CTE also makes it easy to reach by car. The completion of the North-South Corridor, with dedicated bus and cycling lanes, from 2027 will further reduce travel time from the north into the city.

Surrounded by vibrant townships like Bishan, Upper Thomson, and Ang Mo Kio, CT Pemimpin provides a diverse range of retail and dining options at popular shopping destinations like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Families with school-going children will also find it convenient as various reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College are located nearby.

Chiu Teng Group has established itself as a reliable property developer and builder since its inception in 1999, with a large portfolio of industrial projects like CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential developments like The Creek@Bukit. The preview of CT Pemimpin will start on February 21, 2025, and interested buyers can call 8100 8017 or visit Chiu Teng Group’s website to arrange a viewing of this rare freehold industrial space.…

Lentor Central Residences, a 477-unit development located in Lentor Hills, will be open for viewing on February 21 and is expected to begin sales on March 8. This highly anticipated project, which is the sixth new launch in the area, is a joint venture between Hong Leong Holdings, GuocoLand and CSC Land.

When evaluating a potential condo investment, it is crucial to also consider the projected rental yield. Rental yield refers to the amount of annual rental income as a percentage of the condo’s purchase price. In Singapore, rental yields for condos can greatly vary depending on factors such as location, condition of the property, and market demand. Locations with high demand for rentals, such as those near business districts or educational institutions, typically offer more attractive rental yields. To gain a better understanding of the rental potential for a specific condo, thorough market research and consultation with trusted real estate agents is recommended. Additionally, looking into Singapore Projects can provide valuable insights into potential rental opportunities.

The two high-rise residential blocks, one standing at 27 storeys and the other at 28 storeys, will offer an array of one to four-bedroom units ranging from 463 sq ft to 1,399 sq ft. Interested buyers can find the latest information on available units and prices for Lentor Central Residences.

According to the developers, one-bedroom units will be priced at $975,000 ($2,110 psf) and two-bedroom units will start at $1.38 million ($2,050 psf). Meanwhile, three-bedroom units will begin at $1.81 million ($1,984 psf) and four-bedroom units at $2.37 million ($2,000 psf).

The project boasts a plethora of amenities for residents to enjoy, including a 50-metre Infinity Edge Pool, 25-metre Lap Pool and Leisure Pools. Betsy Chng, Head of Sales and Marketing at Hong Leong Holdings, highlights the convenience of the development’s location, as it is just a short walk from the Lentor MRT Station and the Thomson-East Coast Line, providing easy access to the city centre.

Lentor Central Residences is also in close proximity to a variety of retail and dining options, including Lentor Modern, an integrated project by GuocoLand, Thomson Plaza and the numerous eateries along Upper Thomson Road and Springleaf Estate.

Chng adds, “We believe the new Lentor Hills area is primed for significant growth and has potential to become one of Singapore’s most sought-after districts for homebuyers. Together with our partners, we are proud to bring to life our vision for premium homes set at an affordable price, with units based and priced on liveable space.”

In addition to the residential blocks, the development will also have a childcare centre and family-friendly amenities such as a children’s playground, resident’s clubhouse, a 50m infinity edge swimming pool, gym and yoga room, and a tennis court. The sales gallery is located on Lentor Hills Road.

Interested buyers can also use Ask Buddy to find out more about Lentor Central Residences, compare condo sale transactions and rental listings in District 26, and get a summary of the total number of units in this development.…

When purchasing a condo, it is crucial to factor in the maintenance and management of the property. Condominiums often come with maintenance fees that cover the maintenance of shared spaces and amenities. While these fees may increase the total cost of ownership, they also guarantee that the property stays in excellent condition and retains its value. Employing a property management firm can assist investors in handling the day-to-day operations of their condos, making it a more hands-off investment. With Condo, this aspect of condo ownership is an important consideration.

SINGAPORE Realtors Inc (SRI) has recently inked a memorandum of understanding (MOU) with Redbrick Mortgage Advisory, in a move to enhance the capabilities of its salespeople.Under the agreement, Redbrick will be providing advanced mortgage strategy training to SRI agents in order to better equip them in guiding potential homebuyers on different financing options.”Our partnership with SRI will empower their salespeople to become reliable advisors who are able to present customised financing solutions to ensure that buyers are making well-informed decisions,” says the Chief Executive Officer of Redbrick, Eugene Huang.Furthermore, the partnership will also see Redbrick providing SRI agents with mortgage rate information that has been compiled from more than 15 financial institutions, which will be regularly updated to reflect market changes.”By tapping into the expert knowledge and real-time mortgage data provided by Redbrick, our SRI team members can now efficiently and quickly share up-to-date financing options with clients,” adds SRI’s CEO Thomas Tan.…

The retail podium of Sky Eden@Bedok, a mixed-use development by Frasers Property Singapore, is currently up for sale through an expression of interest (EOI) exercise. The guide price for the podium, which comprises 12 strata retail units on the ground floor, is $45.2 million. With a combined strata area of approximately 11,193 sq ft, this equates to a guide price of $4,038 psf.

Investing in a condo in Singapore offers many benefits, one of which is the potential for capital appreciation. As a global business hub, Singapore boasts a strategic location and strong economic fundamentals, making real estate a highly sought-after asset. In fact, over the years, property prices in the country have consistently risen, with condos in prime locations experiencing significant appreciation. This makes it an attractive investment for those looking for long-term gains. For those interested, Singapore Projects offer a variety of options to consider.

According to the marketing agent, CBRE, the retail units can be sold as a portfolio, individually, or in clusters. They range in size from 398 sq ft to 1,313 sq ft and are priced from $1.91 million to $5.55 million. All the units are approved for F&B use.

Sky Eden@Bedok is located in Bedok Central and is currently under construction. This upcoming 99-year leasehold development features two 16-storey towers with a total of 158 residential units, situated on a retail podium. It is just a short walk away from the Bedok Integrated Transport Hub, which comprises the Bedok MRT Station and a bus interchange that connects to Bedok Mall.

Launched in September 2022, Sky Eden@Bedok was the first private residential project to launch in Bedok Town Centre in a decade. Since then, all residential units have been sold. The development is expected to obtain its temporary occupation permit in the fourth quarter of 2025.

Michael Tay, CBRE’s head of capital markets for Singapore, believes that the strata retail units at Sky Eden@Bedok will be highly sought after, being the first private commercial properties available for sale in Bedok Town Centre. He adds that the attractive pricing will appeal to a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the commercial space in this sought-after residential enclave.

The EOI for the retail podium will close on April 3 at 3pm. Interested parties can find the latest listings for Sky Eden@Bedok properties and view 2-bedroom floor plans, site plans, and diagrams. They can also check out the recent condo sale transactions in District 16 and the total number of units in Sky Eden@Bedok.…

By Lee Min Keats

HDB to spend $407 million on upgrading works for over 29,000 flats

HDB has announced the selection of over 29,000 flats for the latest round of the Home Improvement Programme (HIP), with a total budget of $407 million allocated for the upgrading works. Set to take place in 13 towns across the island, the selected flats are located in Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands.

The HIP was first introduced in 2007 to help flat owners address common maintenance issues that arise due to everyday wear and tear in older flats. Since its inception, 494,000 flats, or nine in 10 eligible flats, have been selected for the programme, with close to 381,000 flats undergoing upgrades, according to Minister for National Development Desmond Lee.

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The programme targets essential improvements that ensure the basic safety needs of residents, such as repairing spalling concrete and ceiling leakages caused by general wear and tear. These essential improvements are fully funded by the government for Singapore citizen households.

In addition, flat owners can also opt for optional improvements such as upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. These improvements are subsidised by the government, with Singapore citizen households paying as low as 5% of the cost, depending on the type of flat.

Since 2012, the Enhancement for Active Seniors (Ease) programme has been offered as part of the HIP. Under Ease, flat owners can choose to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatments for toilet and bathroom tiles. Up to 95% of the costs are covered by the government for Singapore citizen households.

The scarcity of land in Singapore coupled with its fast-growing population has created a high demand for condos in the country. As a small island nation, land availability is limited, prompting strict land use policies and a fiercely competitive real estate market. As a result, property prices are continuously on the rise, making investing in real estate, specifically condos, an attractive opportunity for potential buyers. The promising potential for capital appreciation makes Singapore condos a sought-after choice for those looking to invest in the country’s real estate market. Singapore Projects also add to the appeal of condo investments, offering a diverse range of options for investors.

According to HDB, approximately $4 billion has been allocated for the HIP since its launch, and around $150 million for Ease as of March 31, 2014. Interested parties can check out the latest listings for HDB properties and compare past sale and rental transactions. They can also find out more about HDB loans versus bank loans and compare the price trends of HDBs, condos and landed properties.

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By Lee Min Keats…

A prime commercial property at Bukit Timah Plaza is now on the market. With a strata-titled unit of 3,391 square feet, approved for restaurant use, this property presents an excellent investment opportunity. The asking price for this unit is $9.8 million, which translates to $2,890 per square foot, offering a 12% discount from the previous listing price of $11 million in 3Q2022. This property is being marketed by Clemence Lee, CBRE’s executive director of capital markets.

Located in the basement two of the mall, this unit stands out with its 20-meter frontage, facing the central plaza. Currently, fully leased, the unit will be sold with the existing tenancy. The unit has a 99-year lease from 1976, providing a remaining lease of 50 years.

The pricing for this unit is in line with the last two transactions for units in basement two. In March 2024, a 441 square feet unit changed hands for $1.43 million, which translates to $3,240 per square foot. An 850 square feet unit was sold for $2.5 million, or $2,940 per square foot. These transactions were based on the caveats lodged.

Bukit Timah Plaza was completed in 1979 and consists of a four-story retail mall and two apartment blocks. The apartment blocks, known as Sherwood Towers, have a total of 269 residential units. This mixed-use development is one of the most popular destinations in Bukit Timah, as it houses the largest Fairprice Finest supermarket in Singapore, spanning over 44,000 square feet, according to CBRE.

The mall is conveniently located within walking distance of two MRT stations, the Beauty World and King Albert Park MRT Stations, on the Downtown Line. It is also surrounded by several private residential developments, with an estimated population of 37,000 people. The area is also home to various educational institutions such as the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

When it comes to property ownership in Singapore, it is crucial for foreign investors to have a clear understanding of the regulations and limitations that may apply. In Singapore, foreigners have relatively relaxed restrictions when it comes to purchasing condos, unlike landed properties that have more stringent ownership rules. However, it’s worth noting that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their first property purchase. Despite the added expense, the stability and potential for growth in the Singapore real estate market remain a strong draw for foreign investments. This is especially true for those looking to invest in a Singapore condo.

Bukit Timah Plaza is situated in the Beauty World area, which is undergoing a rejuvenation process with the development of new mixed-use, integrated projects. These include The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, expected to be completed in late 2029.

This unit is currently open for sale through an expression of interest, starting on Mar 19. Please check out our latest listings for more information on Bukit Timah Plaza and Sherwood Towers properties.…

A pair of adjoining strata retail units with a 999-year leasehold are now available for purchase at Peninsula Plaza. These units are situated on the ground floor and boast a prominent frontage along North Bridge Road.

Currently, there are two units available for purchase, with one measuring 538 sq ft and the other measuring 581 sq ft. Together, they offer a total strata area of 1,119 sq ft. Based on this strata area, the asking price for both units is $10.9 million, which translates to $9,741 per square foot (psf).

Both units are currently tenanted until 2026, providing investors with a gross rental yield of 3% at the asking price of $10.9 million.

The government’s property cooling measures play a crucial role in the decision-making process for condo investment in Singapore. To maintain a stable real estate market, the Singaporean government has implemented various measures over the years to discourage speculative buying. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. Although these measures may affect the initial profitability of investing in a condo, they also contribute to the long-term stability of the market, creating a secure investment environment. If you are looking to invest in a Singapore Condo, it is essential to consider the impact of these cooling measures on your investment strategy.

According to Nick Chan, Savills Singapore’s associate director of investment sales & capital markets, who is handling the sale, these two units are arguably the best in the development due to their strategic location and consistent footfall.

Built in 1980, Peninsula Plaza is a 999-year, 30-storey mixed-use commercial building with a six-storey retail podium and a 24-storey office tower. It has prominent frontages along North Bridge Road, Coleman Street, and Coleman Lane, and also offers a sheltered link to City Hall MRT Interchange Station for the North-South and East-West lines.

The last transaction for a ground-floor retail unit at Peninsula Plaza was in August 2022, when a 452 sq ft unit was sold for $4.08 million ($9,025 psf), according to a lodged caveat.

Since March 2022, when the URA implemented restrictions on the strata subdivision of new commercial properties in the CBD and Orchard corridors, Chan notes that strata-titled units with 999-year and freehold tenure have become increasingly sought after.

Don’t miss out on the opportunity to invest in these two prime retail units at Peninsula Plaza, which also offers a sheltered walkway to City Hall MRT Interchange Station for the East-West and North-South lines.…

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The urban landscape of Singapore is characterized by the impressive skyscrapers and advanced infrastructure that define the city. Among the top choices for both locals and foreigners are strategically located condos that offer a perfect mix of luxury and practicality. These residences boast a wide range of amenities, including swimming pools, fitness centers, and 24-hour security services, elevating the living experience and attracting potential renters and buyers. For those looking to invest in real estate, condos, especially those with Condo, have the potential for higher rental returns and significant appreciation in property value over time. With their addition to Singapore’s landscape, modern high-rise buildings and sophisticated infrastructure further enhance the city’s appeal.

Brand New Land, a prominent development team with a reputation for bringing high-quality, luxury homes to the market, recently partnered with renowned GCB design expert Pau Loh to create a unique collection of four semi-detached homes. Located in the desirable Bukit Timah and Upper Bukit Timah areas, these homes offer accessible luxury with elements inspired by the best practices of Good Class Bungalow homes.

For over three decades, Brand New Land and Pau Loh have collaborated on various projects, making them the perfect team to bring their vision to life. The collection, known as “The Great Trees Collection,” features two homes on 23 & 23A Maple Avenue and two homes on 25 & 25A Jalan Selanting. Each semi-detached home comes with a lift, swimming pool, and gourmet kitchen provisions, with land sizes ranging from 2,790 to 3,130 sq ft.

Brand New Land’s philosophy of creating value for their clients is reflected in the pricing of these homes, which are fairly priced within the bank valuation range. This leaves room for good upside potential for buyers.

The homes incorporate various GCB design elements, including dedicated zones for different functions, borrowed from large bungalow homes. Separate zones for receiving guests, dining, gourmet cooking, and various entertainment spaces and living zones for larger or smaller groups have been incorporated into the design. This allows for a sense of intimacy, privacy, and togetherness under the same roof.

The semi-detached homes also feature “ceremonial entrances,” which create a tranquil and welcoming experience as one enters their home. These entrances are framed by lush greenery, the soothing sound and reflection of water, and warm and rich facade materials.

Loh’s signature style, which has proven successful in GCBs in Singapore’s tropical climate, is evident in these homes with wide overhanging eaves and deep recesses that provide shelter and cool the interiors. The use of nature-inspired cladding elements and a rich palette of wood-grain finishes add a touch of luxurious warmth to the homes.

Brand New Land has also partnered with luxury kitchen specialist Arclinea Singapore to create gourmet kitchen experiences in these homes, with a shared vision of inspiring everyday connections in extraordinary kitchen spaces.

Brand New Land’s Co-Founder and Director Alvina Teh emphasizes the importance of working with Pau Loh and the group’s excitement for the future that these homes will create for the lives they touch. To view these homes or learn more about upcoming launches and opportunities to work with Brand New Land, visit their website and social media platforms.…

214 Serangoon Avenue 4, a 99-year leasehold HDB shophouse, will be going under the hammer at SRI’s next auction on Feb 26. Spread over two storeys, the shophouse includes living quarters on the second floor, with a total floor area of around 1,668 sq ft. With a guide price of $1.98 million, this translates to $1,187 psf on the floor area.

Previously listed at a higher guide price of $2.08 million, this is the second time the property is being auctioned by SRI as a mortgagee sale. According to Jansen Kee, assistant manager of auctions at SRI, the shophouse is located prominently in front of a bus stop, providing good visibility from the road.

Currently tenanted, the shophouse offers a gross rental yield of approximately 6.2% based on the guide price, says Kee. The property will come with its existing lease, which expires in 2026, giving the buyer an immediate stream of rental income.

Kee points out that the listed guide price for the HDB shophouse is one of the lowest in the area, making it an attractive opportunity for both investors and owner-occupiers. According to URA records, the most recent commercial shophouse transaction in Serangoon was for a 999-year leasehold property on Lichfield Road, which sold at $4 million ($1,725 psf) in November 2024.

Investing in a condo requires careful consideration of not only the property itself, but also its maintenance and management. Typically, condos come with maintenance fees that cover the upkeep of communal areas and facilities. While these fees may increase the overall cost of ownership, they also ensure that the condo remains in good condition and holds its value. To further simplify the process, investors may opt to hire a property management company to handle the day-to-day management of their condo, making it a more hands-off investment.

Located within a cluster of HDB flats bordering the Serangoon Gardens landed residential estate, the property is directly opposite Serangoon Swimming Complex and Serangoon Sports Centre, providing a steady flow of foot traffic. There are also carpark lots available behind the shophouse.…

A lavish four-bedroom duplex apartment, situated in the prestigious freehold luxury condominium 3 Orchard By-The-Park, is now available for sale through an expression of interest exercise (EOI) with a guide price of $15.8 million.

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Investing in a Singapore Condo offers numerous benefits, one of which is the potential for capital appreciation. This is largely due to Singapore’s advantageous position as a global business hub and its strong economic fundamentals, both of which attract a constant demand for real estate. Throughout the years, the real estate market in Singapore has shown a consistent increase in property prices, particularly in prime locations where condos are highly sought after. Investors who make smart investments at the right time and hold onto their properties for the long term can reap significant capital gains in the lucrative Singapore Condo market.

Measuring over 3,800 sq ft, the unit translates to around $4,158 psf, according to marketing agent Huttons Asia. Boasting a 4m ceiling height and a private lift, three of the four bedrooms feature ensuite bathrooms. The unit underwent extensive renovations three years ago, with a whopping $700,000 spent on the revamp, as revealed by Huttons.

3 Orchard By-The-Park, located on Orchard Boulevard, was completed in 2017 and was designed by esteemed Italian architect Antonia Citterio. Consisting of three 25-storey towers, the development houses a total of 77 units, including two- to four-bedroom units ranging from 1,066 sq ft to 3,800 sq ft, as well as penthouses measuring 6,555 sq ft to 6,900 sq ft.

Strategically located near the Orchard Road shopping belt, the development is also in close proximity to reputable schools such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle school Campus), and Singapore Chinese Girls’ School (Primary). The Orchard Boulevard MRT Station (Thomson-East Coast Line) is just a stone’s throw away as well.

Recent transactions at 3 Orchard By-The-Park indicate its attractiveness, as seen on EdgeProp Buddy. Interested buyers and investors can check for the latest listings of 3 Orchard By-The-Park and also compare the price trends of new sale condos versus resale condos, rental yields, and condo projects with the highest average price per square foot in District 10.

The EOI for this unit will close on March 5 at 4pm. For more information, visit EdgeProp Buddy or visit the website for 3 Orchard By-The-Park.…